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Philip Morris Announces Profit Forecasts For The Current Year And The Situation With Current IQOS Production

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Philip Morris Announces Profit Forecasts For The Current Year And The Situation With Current IQOS Production
Philip Morris International issued a statement to restrict the manufacture of IQOS tobacco heating systems and changed its forecast for profit in 2021.

At the moment, the company predicts the value of profit of $6.01-6.06 per share, while the previous forecast was $5.97-6.07.

The company also said that IQOS production in the first half of next year will remain at a limited level due to delays in chip shipments. The temporary shortage will allow Philip Morris to focus more on selling products to replace old devices with existing customers, while the work on finding new users will not be so extensive.

The demand for IQOS remains high, as evidenced by the number of users at the end of the third quarter of 20.4. Against the background of this number, the company's shares in 2021 rose by 18%.

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